Business
Business, 03.03.2020 19:07, mikaydat

6.) If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase productivity.

A. Division of labor

B. Decreasing your use of technology

C. Raising price

D. Generalization

7.) Which of the following is a fixed cost for a company that sells greeting cards online and mails the printed cards to customers

A. Hourly workers who assemble and ship the cards

B. A paper cutting machine

C. The paper and glue to make the cards

D. Packaging and shipping costs

8.) Which type of utility can only be added by the maker of the product

A. Place Utility

B. Time Utility

C. Form Utility

D. Possession Utility
9.) Your company buys a car, and its value goes down over time. What is that process called?
A. A unit of sale
B. Depreciation
C. Interest
D. Leasing
10.) Which of the following is part of the cost of goods or service sold for a company that paints people's homes?
A. Fuel for the van
B. Paint
C. Flyers to promote the company
D. A can to travel to people's home
11.) If productivity increases significantly and demand is not very elastic, what is likely to happen.
A. Fewer workers will be needed
B. Division of labor will decreases
C. The number of consumers will increase
D. Demand will increase
12.) The law of diminishing returns is often used to analyze the ideal amount of which factor of production
A. Entrepreneurship
B. Labor
C. Land
D. Capital
13.) Which of the following is a way to increase possession utility for refrigerator?
A. Expanding the store hours
B. Providing a delivery service
C. Creating brochures about the product
D. Making a website with information about the product
14.) Economies of scale give an advantage to what type of company
A. Service-based company
B. A company that makes many sales
C. A company with many variables costs
D. A company with a small number of employees
15.) How is the value of a product determined
A. By its variable costs
B. By the number of workers who were involved in making it
C. By how much it cost the producer to make
D. By the amount a consumer is willing to pay for it.

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Answers: 1

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